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SRF’s arm to setup BOPET film line & Resin plant in Thailand

10 Jul 2018 Evaluate

SRF’s wholly owned subsidiary -- SRF Industries (Thailand) has received an approval for setting up of a BOPET film line & Resin plant in Thailand at a total cost of $ 60 million i.e. around Rs 410 crore. The existing capacity is 28,500 MTPA and the company has proposed additional capacity of 40,000 MTPA. The period within which the proposed capacity is to be added is September 2020. The Board of Directors of the company has approved the same.

This capacity addition will further strengthen presence in the buoyant South East Asian region and expand the customer base in new geographies. By investing further in Thailand alongside the other manufacturing facilities, the company will not only gain significant synergies but also shorten the production lead-times, further improve efficiency and ensure continued high quality standard.

SRF is a leader in refrigerants, engineering plastics and industrial yarns in India. The company also manufactures polyester films and fluoro specialties. Besides India, SRF has a presence in Dubai, South Africa and Thailand.

SRF Share Price

2771.90 52.50 (1.93%)
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Company Name CMP
BASF India 3869.00
Tata Chemicals 803.00
SRF 2771.90
Pidilite Inds. 1451.20
Deepak Nitrite 1850.00
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